In May, new residential sales of homes fell to their lowest levels since records started in June 2007. The sales fell by more than 80 percent year-on-year. The sales have been slow in recent months, aggravated by the seasonal slump in mid-year. The Urban Redevelopment Authority (URA) released data on Tuesday (18 June) showing that developers … Read more
The overall sentiment in Singapore’s real estate market continued increase in the first quarter of 2024. However, industry players are now more pessimistic regarding the most desirable office, residential, and business parks/hi tech space sectors. Real estate professionals polled by the Institute of Real Estate and Urban Studies (Ireus) of the National University of Singapore … Read more
The Urban Redevelopment Authority (URA) on Thursday (Jun 13) published three residential areas to tender for the first half of the 2024 government sale of land (GLS) program. Three sites are located at Dairy Farm Walk, Tengah Garden Avenue and Bayshore Road. The three land parcels are on a 99-year lease and can yield a … Read more
SINGLE Singaporeans were able to be happy about in Budget 2024, particularly on the housing front. In the event of meeting certain requirements one Singapore citizen who is 55 or over can now claim an amount of refund for Additional Buyer’s Stamp Duty (ABSD) which is paid on the second house they purchase. The ABSD refund … Read more
About 10,000 new houses could be built on a large parcel of land located in Fernvale North in Sengkang, according to plans proposed for a new estate next to the Tampines Expressway (TPE). Urban Redevelopment Authority is preparing the 18.9ha housing development site which will be bordered by Jalan Kayu and Fernvale Street. The TPE … Read more
Singaporeans who are in a position that requires a place to sleep during an emergency, can make use of an online portal to connect with others who are willing to lend their homes. In a joint declaration released on March 8, the Ministry of National Development and Mogul.sg announced that this initiative will only be … Read more
Singapore is expected to become more appealing to multinational corporations as rent prices fall which will attract more foreigners. The number of condos rented out in April grew by 3.1 percent to 5,874 units. The amount of units rented in April grew by 4.4 percent over the previous year, but still a mere six percent below … Read more
The Urban Redevelopment Authority Master Plan 2025 includes urban resilience among its key topics. The city-state is likely to witness a greater number of investment transactions in 2024 as buyers and sellers return to the market, The market is expected to be active across all categories of investments, with Singapore’s safe haven status, political stability … Read more
It’s still too early to know whether the drop in resale prices are just a blip or the beginning of a market correction. The price of condos could continue to rise in 2024, as less condos will be constructed. This could lead to a shortage of supply. The volume of resales fell by 0.6% in … Read more